NEW YORK, July 12, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of 1st Constitution Bancorp ("1st Constitution" or the "Company") (NASDAQ: FCCY) in connection with the Company's proposed merger with Lakeland Bancorp, Inc. ("Lakeland") (NASDAQ: LBAI). Under the terms of the merger agreement, 1st Constitution shareholders will receive 1.3577 shares of Lakeland stock for each 1st Constitution share they own, representing implied per-share merger consideration of approximately $23.53 based upon Lakeland's July 9, 2021 closing price of $17.33.
If you own 1st Constitution shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/fccy
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether 1st Constitution's board acted in the best interest of 1st Constitution's public shareholders in agreeing to the proposed transaction, whether the per-share merger consideration adequately compensates 1st Constitution's shareholders, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to 1st Constitution's public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP
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